Introduce your innovation to fragrance and cosmetic industry experts: The call for projects closes soon! (Sponsored) | EU-Startups

Innovators in the fragrance and cosmetic industry are invited to challenge their projects in front of leading experts. The Open Innovation Competition is a chance to introduce your idea and connect with experts in the cosmetics sectors: CHANEL, L’OREAL, LVMH Recherche and Pharma&Beauty Group. The call for applicants closes on August 31!

The fragrance and cosmetic sectors have their very own Open Innovation Competition, giving innovators the chance to present fresh ideas and projects to experts from major players in the industry. The call for projects is open now and will run until August 31st.

It’s a unique opportunity to benefit from new connections in the sector – including global firms like Chanel, L’Oréal, LVMH Research and Pharma&Beauty Group.

Open Innovation Competition

Since 2015, the Open Innovation initiative has offered participants the unique chance to present and discuss their services, technologies and products with globally renowned experts. It’s a unique opportunity to benefit from tailored advice from industry leaders, better understand what it takes to make it in the sector and shine a light on your innovation. 

One of the most special aspects of the programme is that it allows up-and-coming players and entrepreneurs to connect with established players. This in itself is a wonderful chance to get some insider knowledge and top tips to advance project ideas. It can also lead to collaborations and influential connections. 

Over the years, the programme has led to more than 1400 projects being presented to industry leaders, through over 600 meetings and representing 35 different countries. It’s a programme with global reach and the potential to help kickstart success. 

The Aim 

The call is open for projects within the cosmetics industry – framing the entire value chain of this sector on various topics. This includes: Biosourcing, Green Chemistry, Sustainability, Digital Biotechnology, Artificial Intelligence, Augmented Reality Mechatronics, Industrial Development Imaging Technology, Microbiology, Traceability Emotional Analysis, Well-Being, Sensory Measurement Skin Biology, Evaluation Method, Toxicology, Formulation, Vectorization, and beyond. 

Within these topics, the projects should be developing an innovative new idea or solution that can take the fragrance and cosmetic industry by storm. This can include the creation of:

Previous Participants 

The competition organized during the show gives the candidates the opportunity to better define their project and better understand the expectations of this market.

Ludovic Vincent, CEO of the startup BIOMEDE, presents his green technology using X-ray to identify new molecules of interest: “Biomede, an innovative startup (winner of Natur’tech and Techinnov 2022) was able to present its innovative solution of selected plants capable of naturally extracting trace elements of interest to L’Oréal and Channel. This event was the occasion of many exchanges and we are delighted to have participated. ”

Jean-François Létard, former research director at CNRS and currently CEO of the startup OLIKROM, at OPEN INNOVATION 2021 on its innovative light-reflecting natural pigments technology: “Cosmetic Valley’s Open Innovation 2021 was an opportunity to present our latest innovations around colour intelligence to players in the cosmetics field to prepare for tomorrow’s trends. This exchange allowed us to better understand how to adapt our technology to this industry.”

Ready for a Fresh Face

The scope is wide and the sector is primed and ready for a new palette of innovation. From upcycling to neuroscience, all innovations abound to make the cosmetics industry shine.

Think your project could be the perfect match? Apply here.